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obama. washington dc gets it. [applause] and of course i have to thank our former mayor and senator dianne feinstein. her transit leadership began at city hall when she over saw the rebuilt of our cable car system and wonderful you have been part of this and champion for this all these years. congress woman spare thank you and
the fiscal cliff. we have tracie potts with details from washington. >> reporter: today, president obama meets with small business leaders. a new white house economic report warns if tax breaks go away, the average middle class family will owe uncle sam $2,200 next year. >> middle class families should see an extension of the tax cuts. >> reporter: some republicans who have been dead set against raising taxes on anyone now hint they may consider other options. >> we have been open to revenue by closing loopholes as long as it is tied to spending cuts and pro-growth tax reform that broadens base. >> you don't raise rates. you cap the amounts of eitemize deductions. >> reporter: america is borrowing too much money trying to keep social security and medicare afloat. >> there will come a point in time where we can't borrow anymore money and interest rates will sky rocket. >> this congress is already one vote away from avoiding the fiscal cliff. >> reporter: and no word yet on when the next white house meeting will happen. tracie potts, nbc news, washington. >>> thank you. the governor of new
a washington donde se va a reunir con el presidente obama, empleo, inmigraciÓn, economÍa y seguridad. reina de belleza en mÉxico perdiÓ la vida al estar al medio de un enfrentamiento entre sicarios y el ejÉrcito. >>> viajaba en un vehÍculo con los sicarios y la hallaron sin vida juntan rifle de asalto. >>> el telÉfono se convierte en herramienta para evitar que los malhechores cometan fraudes con las personas de la tercera edad. la fifa va a usar la tecnologÍa en el fÚtbol. tecnologÍa se va a poner en uso en el mundial de clubes. >>> miguel cotto y sus palabras. >>> vivirme de mis hijos, la decisiÓn estÁ muy cerca. >>> el ex arquero calero estÁ fuera de peligro. >>> cesegÚn enrique mesa el tur mohammed es un amigo para Él. >>> los jugadores del amÉrica se reportan hasta el diez de diciembre de vacaciones. miguel herrera continÚa al freno de de los de coopecoapa por un mÁs. >>> rivers sigue sonando para dirigir, peterson dice que sigue vendiendo rumores a un equipo de mayor nivel. >>> longoria sigue con tampa bay al 2022. >>> newton con el pase a las manos que terminaba anotando
para viajar a washington para reunirse con el presidente obama y lÍderes del congreso, la casa blanca anuncÓo que enviarÁ a mÉxico una delegaciÓn de alto nivel a la po posiciÓn de peÑa nieto que asumirÁ el prÓximo sÁbado, la delegaciÓn estadounidense encabezada por el vice presidente joe biden, ahora pasamos a puerto rico en donde hoy dÍa se presentaron 2 personas que estuvieron con hÉctor macho camacho antes de morir, eso cuando su familia prepara el funeral en puerto rico y en nueva york. se encuentran en san juan, adelante rogelio. >> estos dos sujetos jesÚs naranjo y se presentaron en la comandancia de bayamÓn acompaÑados de su abogado quiÉn ha dicho claramente que no se trataba de una entrega que ellos no son sospecho estos que simplemente acudieron a responder a un interrogatorio por parte de las autoridades ellos aseguran que no tienen que ver en el crimen en que muriÓ hÉctor el macho cÁmara sumacho reconocen que estuvieron con Él ese dÍa y tambiÉn por la noche fueron detenidos por una patrulla de la policÍa y despuÉs de que fueron detenidos mientras tan
with president obama in washington. just about an hour from now. coming up next, what this could mean for the immigration fight in america. ups store. that's right. i've learned the only way to get a holiday deal is to camp out. you know we've been open all night. is this a trick to get my spot? [ male announcer ] break from the holiday stress. save on ground shipping at fedex office. [ male announcer ] break from the holiday stress. social security are just numbers thinkin a budget.d... well, we worked hard for those benefits. we earned them. and if washington tries to cram decisions about the future... of these programs into a last minute budget deal... we'll all pay the price. aarp is fighting to protect seniors with responsible... solutions that strengthen medicare and... social security for generations to come. we can do better than a last minute deal... that would hurt all of us. [ male announcer ] you build a reputation by not breaking down. consider the silverado 1500 -- still the most dependable, longest-lasting full-size pickups on the road. and now we've also been recognize
going nowhere fast, president obama is appealing to a different constituency tonight in his bid to back away from the fiscal cliff. we have fox team coverage. chief washington correspondent james rosen is at the white house to tell us about the president's return to the campaign trail sort of. but we begin with the chief congressional correspondent mike emanuel and another reason that the talk reconciliation so important. good evening, mike. >> good evening. there are strong suggestions that the nation's debt problem may be worse than $16 trillion and counting and key lawmakers are saying it's time to slash spending. >> i can cut $600 billion more out of the federal government tomorrow. nobody would know a difference except for the people employed by the programs here in washington, d.c. >> when asked by fox what he would be willing to cut, the senate majority leader didn't offer anything new. >> remember, we have already done more than $1 billion worth of cuts. we have done that. so we need to get some credit for that. and the negotiations that take place. >> 42 business organizations
obama is seeking. >> susan mcginnis in washington this morning. thank you so much. >>> amid sky high approval ratings in the wake of superstorm sandy, new jersey governor chris christie said he will be seeking re-election next year. he said the preliminary damage from sandy is nearly $30 million. christie says he's in it for the long haul to help jersey recover. >>> coming up on the morning news, click and shop. cyber monday rings up record sales on what's expected to be the busiest online shopping day of the year. this is the morning news. [ female announcer ] born from the naturally sweet monk fruit, something this delicious could only come from nature. now from the maker of splenda sweeteners, discover nectresse. the only 100% natural, no-calorie sweetener made from the goodness of fruit. the rich, sweet taste of sugar. nothing artificial. ♪ it's all that sweet ever needs to be. new nectresse. sweetness naturally. starts with ground beef, unions, and peppers baked in a ketchup glaze with savory gravy and mashed russet potatoes. what makes stouffer's meatloaf best of all? that mo
in running for the seat. >>> this morning's "washington post" says private talks between president obama and top republicans including house speaker john boehner are accelerating. but the white house must contend with members of his own party who are pushing back against proposals that significantly reshape entitlement programs like medicare and social security. white house press secretary jay carney said yesterday the president is open to compromise and should republicans make a realistic proposal on taxes, they will meet them halfway. >> math tells us that you can't get the kind of balanced approach that you need without having rates be part of the equation. we haven't seen a proposal that achieves that, a realistic proposal, that achieves that. the reality is, closing loopholes and ending deductions as an alternative to raising rates on the top earners, top 2%, those making over $250,000, sounds good, but you have to look at the actual contents of those proposals. >>> and a new poll shows the majority of americans do want compromise in order to avoid the fiscal cliff. 67% say a deal s
in washington. the president's fiscal cliff campaign. live pictures of the white house are president obama will meet today with 15 small business owners. the first of a series of meetings this week as the administration puts the pressure on congress to make a deal. the "washington post" reporting the talks are accelerating between president obama and top congressional leaders, including john boehner who was on the phone with the president over the weekend. the white house's pr campaign is being buoyed along by warren buffett who is voicing support for tax hikes for americans just like him. >> i think it would have a great effect in terms of the morale of the middle class who have seen themselves paying high payroll taxes, income taxes and then watched guys like me end up paying a rate that's below that, you know, paid by the people in my office. >> joining me now is wisconsin's republican senator ron johnson. senator, it's great to have you with us this morning. and as we talk about what's taking place in washington, d.c. right now, the million dollar question is all concerns around senato
. >> thanks very much, lisa. >>> mexico's new leader's here in washington to meet with president obama. but first he sat down with me for an exclusive interview today. you're going to hear his strong words over the so-called fast and furious gun smuggling operation. and the powerball jackpot reaches half a billion dollars. [ male announcer ] this single scoop of gain gives more freshness than a whole box of this other stuff... and that much freshness is gonna take some getting used to... [ sniffing ] yep. it's amazing what a single scoop of gain freshness can do. stop! stop! stop! come back here! humans -- we are beautifully imperfect creatures living in an imperfect world. that's why liberty mutual insurance has your back with great ideas like our optional better car replacement. if your car is totaled, we give you the money to buy one a model year newer. call... and ask one of our insurance experts about it today. hello?! we believe our customers do their best out there in the world, and we do everything we can to be there for them when they need us. [car alarm blaring] call now and
to the fiscal cliff. will a deal be done in time? today, president obama meets with small business leaders to make his case for the possibility of higher taxes ahead. our washington correspondent, john harwood, is here with the very latest. hi, john. >> reporter: hi, tyler. you know, everybody is staking out public positions and trying to drive public opinion their way. the president's been doing that all week. he is doing that with his meeting at 2:30 this afternoon with small business leaders from around the country. he is later going to travel to pennsylvania to make his case publicly, part of what he is saying is that if you adopt his plan on the extension of the bush tax cuts that is for the middle class and not for people at the top that almost every small business owner is going to get a tax cut as a result of that. and republicans are staking out their own position that tax revenue can go up but not tax rates. once they get into the room and the hard bargaining which of the positions ultimately falls away. the signs remain positive, tyler, we will get a deal by the end of the year.
washington. >> vulnerable tax deduction from mortgage interest as president obama and congress try to work out a deal that reduces the budget different situations. cap would likely be amend at high income schooled. >> president obama is now pondering cabinet reshuffle and republicans are softening on one of the leading candidate to replace hillary clinton. 7 news political reporter mark matthews tonight with short list that includes some well known bay area names. >> president known for some time that secretary of treasury tim guy and secretary of state hillary clinton are heeded for the door. leading candidate fo is rice but republican senator vowed to fight. if she got the nod. >> we will did whatever is necessary to block the name nation. >> the president fired back. >> when they after the un ambassador because she's an easy target? they have a problem with it. >>reporter: tonight senator mccain backing away. >> i think she deserves the ability and opportunity to explain herself and her position. >>reporter: ambassador not rivt. the attack was responsible taken us event. >> boose
it like i always do. i track down the turkey president obama pardoned and i brought him to justice! (laughter) just because-- (cheers and applause) i brought him to justice. because his powerful friends in washington pardoned him doesn't mean he won't be held accountable for those crimes, turkey! here we are back at the office. all feeling pretty relacked. you know, nothing is really more relaxing than eating a long and drawn out meal with your extended family. (laughter) people you spend all year avoiding, now they're in your house hovering in the kitchen opening drawers. (laughter) >> pitching you ideas. (laughter) for your show. jonathan, i was at the bakery, and the man in front of me said who's next? and i said take a number, you'll find out, that's wha what-- you should use that in one of your skits. (laughter) it's like seinfeld-- (laughter) so it's a little stressful. i like black friday. a lot of people don't like black friday, the day after thanks giving. i don't like it for the shopping. i like to do it because it is a great opportunity to take out the suppressed rage th
.m., washington journal examines obama administration energy policies. the exploration of long-term unemployment benefits and reaction of wall street investors to the so-called fiscal cliff. live at 11:30 a.m. eastern, senate majority whip dick durbin talks about efforts to resolve the fiscal cliff. now it discussion on the role of private enterprise in public education. the obama administration's approach to regulating for- profit institutions. representatives of for-profit schools of the bill emeline the gates foundation. it is about an hour and a half. and melindahe bill gates foundation. it is about an hour and a half. >> we are just getting back. the energy level is probably going to get mellow. we will make that work for us. today's panel is on the question of for-profit and federal education policy. this is a topic that we at aei have been talking about for an extended stretch. in support of the templeton foundation, we have been running the private enterprise projects, trying to think about the opportunities and the challenge. how do make this work for kids in the communities? how do we
predicted president obama would be re-elected and that the u.s. is not likely to fall off the fiscal cliff. there are lots of rumblings coming out of washington. let's turn to scott bauer of trading advantage to talk about this alleged fiscal cliff. what do you think - and good morning - deal or no deal, scott? > > good morning angie. yeah, there is going to be a deal. it may not be later this week, it may not be next week, but i think at a minimum we are going to see congress, the president, everyone say, you know what, we are on the table together here, and even if we have to extend this three months, six months, we are going to get it done. there is no way with the recovery that we have seen - and i'm not talking about the stock market recovery, i am talking more of the consumer sentiment recovery, housing recovery - with what we have seen the last quarter of this year, there is no way that the guys in washington can harm that or add anything to take the momentum away from that. it just won't happen. > let's talk about the stock market. what levels are you watching here? > > 1390 really
. as we reported last week the "the washington post" attacked me for telling you the truth about who was voting for president obama and why. for some unknown reason the post injected race into my commentary when that was not even in play. now the post has another editorial saying that republicans who criticize u.n. ambassador susan rice may be racist. quote: could it be as members of the congressional black caucus are charging that the signatories of the letter are targeting misrice because she is an african-american woman? unquote. referred to letter is a bunch of congressman saying they don't believe susan rice is qualified to be secretary of state because of her initial report on ambassador stevens which was misleading. joining us now from miami is the purveyor of bernard goldberg.com mr. goldberg. we are starting to see a pattern of behavior here on the "the washington post" editorial board, are we not? >> yeah. let me first take a few seconds to put it into context. there is a strategy by some liberals in politics and the media to go after anyone who opposes susan rice. and por
briefing, this is in the "washington post," president obama believes in understand in order to achieve a deal, i compromised and that has to make some tough choices, and he remains committed to the principal. however, this is what he said about social security. he said the white house is less interested in tackling the rising cost of social security during the current talks -- so that is what is the latest coming out of the white house on the so-called fiscal cliff talks. the two sides not scheduling to meet face-to-face, although as your from jay carney, the president called the congressional leader over the weekend and the two sides separately meeting this week in washington with business leaders. and as we said, unions, protests up on capitol hill as well. a lot of talk about the fiscal cliff in washington. we want to turn to all of you outside of washington and get your take on this idea of going off the fiscal cliff. we'll start with glenn in new york. democratic color. go ahead. >> guest: you know, i'd to remark on how relatively quickly it sounds like the white house is willing
-core activists and ideologues. they're the problem in t washington. >> people say this will come down to two people -- obama and boehner and whether they can get their ducklings to follow them. >> herding the cats question. boehner's hand is strengthened after this election. republicans need to understand that that ideological obstructionism was rejected by the electorate. president obama is a stronger position in to see get the deal done. may look a lot like what was almost done two years ago. the difference is we've got to get it done now. >> like the election. we went through all that trouble and money and have the same things still, right? >> a big difference. i think the folks realize they got to get something done now. >> it's great reading. >> thank you. >> i recommend people do that. come back. >> any time. >> love to see you. best of the season to you. >> you, too. >> thanks. and remember we're at 35 days, folks. that's all that's left until you pop the cork for new year's. then you deal with your bank account later. if we don't get a deal done, automatic spending cuts go into effec
. the nasdaq is down 9. s&p is down 4. >>> president obama is increasing pressure on congress to extend mid. -class tax cuts and raise taxes for wealthy americans. alison burns is live in our washington, d.c. to see if we're any closer to seeing a deal to avoid the fiscal cliff. alison? >> reporter: it doesn't seem that way. president obama called congressional -- congressional leaders. but he's not met with them since before the thanksgiving break. we're now just 35 days away from the tax increases and spending cuts that kick in as part of the of the fiscal cliff. there's still no signs of a deal. the democrats are echoing the president's demand for tax increases for the wealthy. >> he's promises that will not sign any bill that benefits the 2% of the americans. >> no tax increases now for promised spending cuts that won't materialize later. >> reporter: and president obama is holding a series of events at the white house and on the road trying to win more public support this week for his approach. reporting live from washington, d.c., alison burns, ktvu channel 2 news. >>> 7:44. wall stre
doing in speaker boehner's office today? you're watching "politicsnation" on msnbc. >>> president obama won a mandate to help the middle class. now he's hitting the road to make sure republicans in washington get message. that's next. to his underarm. axiron, the only underarm treatment for low t, can restore testosterone levels back to normal in most men. axiron is not for use in women or anyone younger than 18. axiron can transfer to others through direct contact. women, especially those who are or who may become pregnant, and children should avoid contact where axiron is applied as unexpected signs of puberty in children or changes in body hair or increased acne in women may occur. report these signs and symptoms to your doctor if they occur. tell your doctor about all medical conditions and medications. do not use if you have prostate or breast cancer. serious side effects could include increased risk of prostate cancer; worsening prostate symptoms; decreased sperm count; ankle, feet, or body swelling; enlarged or painful breasts; problems breathing while sleeping; and blood clots i
president obama will seek more input from top ceos, including gold man's lloyd blankfein and caterpillar's doug owner hill man. a number will travel to washington to try to reach a deficit cutting deal as part of the fix the debt campaign. so all things fiscal cliff still pre-dominate. we have a time clock that's quickly running out. how important is it that we get an agreement before the end of the year? >> this is like the debt ceiling argument. people got into a panic. that's something we even imposed on ourselves to decide that the debt shouldn't go too high. so it's not a bad thing. same with the fiscal cliff. what are we saying with the fiscal cliff? we're saying the economy might be revealed to be what it's actually doing because we'll take away the artificial supports because we think it's held any enough now to maybe after itself. that might entail a step drop because at the moment we're giving these tax breaks, but we're doing it out of our saving. >> but the point isn't just that we have to restore a higher level perhaps of taxes and lower level of spending than we might like.
in washington and the fiscal cliff? the market rundown is next. a member of obama's financial team is out. and a big name governor says he's in. clashes in cairo as egypt's president continues to push the limits of his power. but first today's trivia question. who holds the record as both the youngest and the oldest governor ever in his state's history? wanna see me get some great deals? ok! it's a new way to get cash back deals and it's called bankamerideals. i sign in to my online banking... click the "cash back deals" tab... and pick the deals i want. i just use my bank of america debit or credit card when i pay. and then i get up to 15% cash back... put into my account! i know, right? [ male announcer ] introducing bankamerideals, free for online banking customers. sign in to your online banking to choose your deals today. free for online banking customers. is bigger than we think ... sometimelike the flu.fer from with aches, fever and chills- the flu's a really big deal. so why treat it like it's a little cold? there's something that works differently than over-the-counter remedies.
over a cocktail i think is a little overrated. engaging with not just the denisons of washington but with the broader american public is very important to him. >> while president obama spoke with senate leader harry reid and speaker john boehner by phone on saturday when you see him this week he will be getting by with a little help from his friends ordinary unelected americans. joining us professor of economics at the university of michigan justin wool fers. great to see you. before i ask for your economic analysis i want to pose one question to my colleagues in new york, that is really about the optics of the president going straight forward and straight to the kisser as it were on the bush tax cuts, not really even talking about the fiscal cliff or the debt limit which looms in february or march. >> as we know there is no real fiscal cliff. it's more of a curve or a mole hill. it's serious and real but not going over the cliff. if there is something of a cliff-like situation, it's playing to the president's advantage. december 31st what he doesn't want, the bush tax cuts for t
's just raise taxes because barack obama says so. neil: they are running with tails between leg. >> look at the electeds. >> look, bottom line, i don't like pledges of any kind, you have to be pragmatic in washington both sides, democrats should not make pledges either, they need to come to the table. neil: you don't have to worry, they will not. what is going on on the whole tax thing, and whole norquist thing? main were saying that -- today saying, that this is really about the imploying of grover norquist, he took afence to that in my interview earlier, but that is what is going on, probably more more than that, what do you say? >> first, i ca i have to addrest julie said, almost someone who lives inside of beltway could say that a pledge does not matter, this is a promise, they said while they serve in congress, not a short-term team, they made a promise, where i come from thee, the rest of america, separate from washington d.c., a pledge is a pledge, a promise is a promise. we the voters expect them to stick to it. it says, told to people who take pledge it is for while they serve i
have lost. barack obama may have won the white house, but e republicans do have the house of representatives. the american public is saying that we should stick to the principal principle message that we have said. washington is running way too much money. there may be differences in want of other issues, t on this one, most americans agree that there's too much waste and fraud and abuse and let's eliminate that. cheryl: where do they fit nto this scenario? fatcat ceos, those from honeywell, allstate, do you think that that is going to be a sitive conversation? will congressional leaders listen? >> i would think that they have been listening to the ceos all along. and even lookng at wall street and main street and they all say the same thing. we want certainty out of washington. we haven't gotten it from is administration, whether it is dodd-frank and all the mess that the excessive spending. so i think that wall street and main street will say the same thing. stoppending soso much, put your fiscal hou in order. >> let me ask you about warren buffett. warren buffett saying
they settle differences before we go over the edge? rich edson has the latest. >> three weeks later washington politicians take the fiscal clipper demint to the voters again. obama's heads to suburban philadelphia. white house officials will say he continues to make his case to keep them where they are earning less than two 1/5 thousand and those making more. after a week of meetings of ceo and business leaders but not any with congressional negotiators. >> instead of sitting down with lawmakers to work out agreement, he is back on the campaign trail with the same talking points. >> the president tries to dramatize what the president shows the 60% of voters agree the wealthy should pay more in taxes. >> and republicans are responding that house republicans will visit local small businesses to emphasize the threat to jobs posed by the small business tax hike. lori: the epa may impose new regulations on air quality and carbon emissions and now one of particular is trying to prevent them from going into effect and peter barnes has details. senator inhofe the most vocal critic of the epa, the hear
washington this morning. mark, so far there are no formal fiscal cliff talks scheduled at the highest levels. but the white house just announced that president obama is going to be going to pennsylvania on friday to try to sell his version of the tax plan to the american people. is that going to help things? >> well, john, you know, it's a dual strategy right now that we're seeing develop in these negotiations over the fiscal cliff. the first strategy, of course, and the first bullet point is when president obama gets together with congressional leaders and they try to get some kind of resolution. the second bullet point, though, is to try to pressure the republican party and that's what we're seeing from president obama by going out to pennsylvania, to this manufacturing facility, that makes toys, including tinker toys and the k'nex building set. so we'll be doing that on friday. in addition, today it actually starts. pressure campaign begins today. they'll be meeting with small business owners at the white house. tomorrow it will be meeting with middle class americans who say that they wil
be on the chopping block. abc's tahman bradley is live in washington with more on the intense negotiations that are now under way. good morning, tahman. >> reporter: good morning, rob and bapaula. some republican lawmakers are signaling a willingness to cut a deal with president obama. but doing so, it would require republicans to break a long-standing gop pledge. some republican lawmakers say they're now willing to defy party politics and cut a deal on taxes. if congress doesn't act, $650 million of spending and tax increases will take place on january 1st. but there's fresh hope in washington that republicans and democrats can strike a deal. >> the world has changed. >> reporter: the biggest obstacle is a pledge of no tax increases of virtually any kind that every republican has signed. but with fiscal calamity on the horizon, some gop lawmakers have changed their tune. >> i will violate the pledge, long story short, for the good of the country. >> reporter: defying the pledge would buck 20 years of republican orthodoxy. this is the man behind the pledge. he's gotten thousands of republi
are those people in washington? >> i don't know, sean, e. where are they? i wish we could find some. we certainly didn't have that theme during the campaign. i just heard that clip of obama you played talking about damage to our economy from the so-called fiscal cliff. we really can't hurt the economy any more right now than we did on november 6th. look, this fiscal cliff they're talking about simply isn't high enough for a fatal plunge. when we get to the cliff that we could die on, then they'll start talking about less government and cutting spending. >> sean: how much further can you go? i mean $16 trillion, headed to $20 trillion, headed to $25 trillion. look, black friday, this was on drudge, just put up late tonight, literally 200 -- however much it is -- per person in this country, $susa $200 ande dollars, every child born today in debt. seems to me there's a moral case to be made that stealing from your kids and grandkids is one that would resonate. living within your means is one that would resonate. i don't hear anybody discussing it. republicans talk about caving. >> sean, we
for years and believes the speaker wants to make a deal with president obama to avoid the fiscal cliff, but he's seen washington's dysfunction and has his doubts. >> he's somewhat just like the president. it's time to do ahead and do your job. >> speaker boehner is secure enough in his own district that his constituents will give him a free hand to negotiate. his bigger challenge is pulling together republicans from districts across the country behind any deal he ultimately strikes with president obama. >> carl, that's not just john boehner's job. it's also the job of eric cantor, the majority leader the on the democratic seed, harry reid and chuck schumer have to pull their flock behind any potential deal struck. that's not easy getting 60 votes the in the senate and the majority of the house. >> rangling cats on both sides, john. the president meeting with business executives at the white house, going to pennsylvania this week to visit a small business. all theater, or is there something bigger going on? >> he's trying to put pressure on the congress and generate more stakeholders. h
before. before you race the roof, a realtor has a warning about washington, dc, that could floor you. katrina, what are they doing? >>guest: well, they are actually looking at potentially cutting the mortgage deduction. now, if my opinion this is another example of president obama and congress trying to take money away from people's pockets in order to fund government spending when if reality the revenue that would be brought in by cutting away the mortgage deduction wouldn't make a dent in reducing the national deficit. in fact, the approximate savings for cutting the mortgage deduction would be about $83 billion and that would only help run the government for 8.3 days and would have reduced the national deficit not one bit. >>neil: if you, a lot of people buy a home or second home with the idea they have the write off to enjoy, the mortgage deduction, there is a $1 million cap on underlying mortgage for principle interest but if they go after that, what do you see happening? >>guest: well, as the real estate market is going to do well and warren buffett said it is spark the economy
end budget bomb. and the difference between washington progress and real progress. americans say they want real progress and real give and take to get there. 72% in our new cnn poll say they want president obama to compromise with republicans on taxes and spending. and an identical 72% want republicans to do the same, compromise with the other side. as for what compromise should entile, 67%, more than 2 in 3 favor a mix of spending cuts and tax increases. that's what they say real progress would look like. keeping them honest, though, real progress is one thing, washington progress is another. so far at least, we're seeing much more of the second and the first and we're getting late new word that any progress might be stalled. more on that shortly. first, a good example of washington progress. republican lawmakers standing up in a limited way to a beltway power broker named grover norquist over the 1980s era pledge he pressures to sign. promising not to raise taxes, any taxes, ever. >> i'm not obligated on the pledge, i made tennessee ans aware i am honoring the oath when i'm swo
really were. megyn: that is radio star laura ingram, raising questions about president obama leadership when it comes to the tax hikes and spending cuts that will take effect at the end of this year unless washington do something. her remarks echo mitch mcconnell, who took an even tougher time today. criticizing the president for staging a series of campaign style events instead of what he says would be leadership. joining me now to discuss that is the dog show. a former pollster for president clinton and cohost of campaign insiders here on the fox news channel. he is also a fox news contributor. so this is how real america is going to be affected if this takes place. she seems to be suggesting, that he is not talking to the right people. he needs to be dealmaking and leading and inspiring the folks on capitol hill to follow. doug? >> i absolutely agree, megyn. the president has won the election. but the bottom line is that he got 51% of the vote. it is hardly an overarching mandate. 40% voted against him and he has to bring the country together. the way you do that is by compromising.
obama's lines, which i have a job to finish. you know, i have to finish this job. i can't go anywhere. >> and also in the 2016 talk right now, jeb bush, in washington, meeting with the pollster for highly regarded pollster for mitt romney, and not dousing speculation that he would consider a presidential run. >> no. he's encouraging speculation saying -- he's also having an education conference here. he's made some steps to raise his profile. but again, he's another possible candidate that's saying i'm a little bit of an outlier here. all through the campaign, maybe anticipating that romney was going to lose, he was saying, i'm out of step with the party on immigration. i'm the person that was embracing latinos. and, of course, you had governor christie embracing president obama before the election. so you have two guys that are saying, yeah, that's kind of an outdated party there. you know, start looking at me now. >> in fact, jeb bush has a good reputation in florida, on education. he has worked really hard on it since leaving office? and with latinos and married to a latina. thank
they don't like under president obama. and if the dems get their way, republicans may be forced to stand up and actually talk for hours on end just like jimmy stewart did wonderfully in "mr. smith goes to washington." i love that movie. that's ahead. this is "hardball," the place for politics. when you take a closer look... ...at the best schools in the world... ...you see they all have something very interesting in common. they have teachers... ...with a deeper knowledge of their subjects. as a result, their students achieve at a higher level. let's develop more stars in education. let's invest in our teachers... ...so they can inspire our students. let's solve this. you can stay in and share something... ♪ ♪ ...or you can get out there with your friends and actually share something. ♪ the lexus december to remember sales event is on, offering some of our best values of the year. this is the pursuit of perfection. >>> jackie deangelis with your cnbc market wrap. fiscal cliff worries sinking stocks. the dow slipping 89 points, the s&p losing 7, falling below 1400, and the nasdaq endin
of all these politicians in washington. is that pretty much how it works? we get the upfront and behind the scenes is where they do the real work? >> we'll show the photo-ops when we see president obama and the congressional leaders get together like we did on november 16th. really the hard work is done by the staff on capitol hill, and from the white house. we saw that happen over the thanksgiving week. it was not as productive as some people had hoped. but, we are getting to the point right now, 35 days until the fiscal cliff, deb, and they have to reach an agreement. there's still plenty of time left for an agreement to be reached. we're not quite there, but we're getting close. >> mark preston for us. thanks so much. >>> 32 minutes past -- 33 minutes past the hour. politicians on both sides saying that a deal to reduce america's debt will improve the economy and it will also create jobs. my next guest says that's not exactly the case, and it's important to know the difference here. derek thompson is senior editor at "the atlantic" and he joins me now. thanks for being with us now. w
with president obama to avoid the fiscal cliff and impact on average families but he's seen washington's dysfunction and has his doubts. >> he's somewhat just like the president. time to go ahead and do your job. >> reporter: speaker boehner is secure enough in his own district that his constituents will give him a free hand to negotiate. his bigger challenge is pulling together republicans from districts across the country behind any deal he ultimately strikes with president obama. and that's the process that we're going to be watching over the next several weeks as john boehner and eric cantor, the majority leader in the house, try to figure out what sort of deal they can support and then try to sell it with their members. >> did you, john -- i always ask this same question. did you have any of the chili? >> yes. >> did you have gold star or sky line? >> sky line. we did sky line. we got a three way and a five way. >> chilly spaghetti and cheese onions and beans. >> correct. >> i don't go for full five. >> i tweeted out a picture of the plate. i'm surprised you didn't respond to it o
.fifth compromised. host: he says his been no progress on both -- mr. obama asking that the top 2% of earners pay more. many a new that argument. it is been talked about four weeks. washington returning for the land that congress. here is the headline of your more democrats willing to go over the fiscal cliff. and the tax hikes including the payroll hike could also be slowed. charles schumer backs murray saying the democrats cannot caved in it. they want a mandate for increased taxes. yesterday, the billionaire investor warren buffett writing in the new york times says he thinks the country would do just fine if we do -- if we go over the fiscal cliff. on our line for independents, should we go of the fiscal cliff? caller: yes, i think we should. although people who want a budget reduction, it would save the country 4 trillion dollars. i was amazed at how fast the democrats adopted mitt romney's -- for these home deductions. these people want to go around saying obama, obama wally is cutting your social security and medicare in your home deductions are really happy. we are not in this for nothing
at washington. what will the new president of the united states, what would be the president in the second term do about any of what he promised to do so let's look at the three obama promises. the first promise was in his first term when he said he will find a solution for the palestinian-israeli issue, and, unfortunately, we know what happened over the four years. that has not been that. it's an unfulfilled promise at best. some see it as a failed promise. the second promise the president of the united states had, unprecedented as it is, when he said the united states would never allow iran to be a nuclear power. now, this is unprecedented whether right or wrong, but it's something that was done not only during the elections, but a statement made by the president more than once, and i think it was in connection of promises made also to the israeli prime minister. how, will president obama fulfill the promise? wiggle out of it? absolutely implement it whether it's militarily or through containment policy, and what are they doing from my point of view, one of the reasons or a fascinating part a
, matt. >> now to savannah. >> a potential showdown in washington over the fatal attack at the u.s. consulate in libya, one that could affect who president obama nominates as his next secretary of state. nbc white house correspondent chuck todd has the latest on this story. chuck, good morning to you. >> reporter: well, the woman who could be president obama's pick to replace hillary clinton as secretary of state, u.n. ambassador susan rice. she's going to capitol hill today for some closed door meetings with republican senators, including some of her toughest critics like john mccain as she attempts to explain her comments about the benghazi terrorist attacks, a move that could also signal the president is planning to go ahead with rice's susan rice heads to capitol hill today where along with the acting cia director, she'll meet with three of her toughest republican critics to do damage control, a move that could pave the way for rice's nomination for secretary of state. at issue, rice's initial incorrect explanation of the september 11th terrorist attack in benghazi. >> this i
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